The podcast was later covered by Forbes contributor Billy Bamrough who covers cryptocurrency-related content for the publication.

In his article, Bamrough shared several parallels between blockchain and social media companies and their leadership. For instance, before Facebook, there was Myspace; a platform that reportedly “struggled to grow beyond its original interests.”

“Then came along Facebook,” wrote Bamrough. “Building a userbase of 2.3 billion people worldwide and successfully integrating itself and social networks into aspects of life that seemed entirely unnecessary as little as 10 years ago.”

Bamrough then gave a summation of how the social media and blockchain landscapes have converged in terms of their key challenges:

Bitcoin and cryptocurrency developers are now faced with a similar challenge to that of Myspace—how to grow beyond the niche uses that currently exist to something more that can be used by people around the world for things that we find hard to imagine today.

Zuckerberg’s and Zhao’s parallels

Personal parallels were also drawn between Zuckerberg and Zhao — such as their unconventional business styles and humble caricatures described as “alternative company leaders.”

Zuckerberg was reportedly known for wearing jeans and t-shirts instead of suits “thumbing his nose at many of the traditional chief executive tropes” writes Bambrough.

While Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange, is described as the real-life version of ‘Zuckerberg’ in the film The Social Network, which depicts the creation of Facebook.

He was play acting a cool guy that doesn’t care about anything, seemed to be just rolling with the punches but is totally in control. CZ is like the real version of that in crypto.

CZ’s and Zuckerberg’s shared charity and humility

There also appears to be a deeply empathetic human side to both CEOs. CZ went as a far as putting down his own blockchain a peg in a series of tweets covered by Bitcoinist stating that

Ethereum can can do much more than BNB in features. Let’s grow together.

Binance also has its own charitable organization. Through donations from the Binance community, the organization donates during time of disasters and has started an initiative to feed the hungry titled “Binance Lunch for Children.” At the time of writing, this initiative, in particular, had raised 8.7227 BTC or USD $45972 to feed hungry children in countries such as “Kenya, Uganda, and Tanzania.”

While the “Chan Zuckerberg Initative” on Facebook’s side is a limited liability company with an investment of “up to 1 billion in Facebook shares in each of the next three years.” The initiative aims to “advance human potential and promote equality in areas such as health, education, scientific research, and energy.”

I am a believer of the HODL philosophy because we are still in the nascent stage of blockchain technology. Although we are in a bear market now, my outlook on the adoption and growth of blockchain solutions remains unchanged. Blockchain transactions has been growing exponentially and demand for cryptocurrency like Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Litecoin [LTC] and other Altcoins will only continue to grow exponentially in the next five to ten years.

Related Articles

Coffee giant Starbucks has long flirted in the cryptocurrency and blockchain space with many often asking when people will be able to use Bitcoin to buy a cup of coffee at one of their stores. That may still be a long way off, but the Seattle-based company is looking to the blockchain. Starbucks is reportedly Read more…

By CCN.com: Contrary to statements from its cryptocurrency-bashing CEO Jamie Dimon, JP Morgan has finally admitted that bitcoin has value, albeit in the unlikely event that the world descends into a âBird Boxâ-style dystopia. If ‘Bird Box’ Comes True, JP Morgan Might Recommend Bitcoin Writing in a note to clients distributed this week, JP Morgan

The post Bitcoin Valuable in a Dystopia, But Not Anywhere Else: JP Morgan Analyst appeared first on CCN

What is the difference between an ICO and an STO? Image from Shutterstock. (credit to this excellent article from CCN explaining STO) While the SEC at times has been opaque about how it intends to treat ICOs, assets that do fall under its purview are governed by clear and defined regulations. Tokens that the SEC Read more…